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RSS FeedsMortgage demand plummets as interest rates hover near 13-year high
(FOX News Business)

 
 

18 may 2022 17:49:10

 
Mortgage demand plummets as interest rates hover near 13-year high
(FOX News Business)
 


Although mortgage rates have receded slightly from the record high notched last week, the average rate on the 30-year loan is still around 5.378%. By comparison, just one year ago, the 30-year rate stood at 3.00%. Since the start of the year, rates have jumped 2% – the fastest pace of growth since May 1994.


 
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